Last week I reported that in Venice we are seeing the first signs of price appreciation; homes are selling at 2002/2003 pricing; the supply of homes is at 10 year lows. Venice is mending, but it is years from a full blown [...]
Housing on the Mend --- Full Recovery Is Years Off
Last month I reported that a bottom was established in Venice in January 2012; that we are now experiencing the first signs of price appreciation; that sold home prices are at third quarter 2002 pricing levels; and, that the supply of homes for sale is at their lowest level in over ten years. [...]By: Robert S. Goldman, Neil Amper & John Bentz
Premise: The 4 necessities ---- food, shelter, clothing and medical care. Until the foreclosure crisis is solved, the housing market (shelter), and with it the economy, will not rebound. Banks are holding in excess of 3,000,000 houses on their books, all in various stages of foreclosure. Many [...]Zip Codes 34285, 34292, 34293
By: Robert Goldman, PA, JD, REALTOR®
The number of homes for sale continues to drop. As of May 31st, there were only 32 homes for sale. That’s 8.6% less homes for sale than in April 2012, 25.6% less than May 2011, and 30.8% less than the same quarter one year ago. With 13 homes sold in March, and 9 [...]
Zip Codes 34285, 34292, 34293
By: Robert Goldman, PA, JD, REALTOR®
The number of homes for sale continues to drop. As of May 31st, there were only 788 homes for sale. That’s 8.9% less homes for sale than in April 2012, 27.7% less than May 2011, and 25.4% less than the same quarter one year ago. With 229 homes sold in March, and [...]
Zip Codes 34285, 34292, 34293
By: Robert Goldman, PA, JD, REALTOR®
There’s a serious shortfall in inventory, as strong sales continue unabated. It is being driven by sellers who properly price their homes for sale and recognition by buyers that the market has likely hit bottom. [...]Zip Codes 34285, 34292, 34293
By: Robert Goldman, PA, JD, REALTOR®
Last month I said all indicators point to sales increasing, inventory declining and prices rising. March certainly confirmed that prediction. Far and away, March was the strongest month for sales we’ve seen in some time in Venice. Here are the stats: [...]Zip Codes 34285, 34292, 34293
Based on my analysis of home sales in Venice, as of the end of February 2012, these are the trends:
By any measure the number of homes for sale is way down. Two years ago, in [...]
